Is Profitable Morrows a Scam?

in #profitable6 years ago (edited)

Of course it is!

Profitable Morrows is a High Yield Investment Program or HYIP that operates by paying out older investors with the money from new investors. It's a classic pyramid scheme. From an investors viewpoint though it is not totally unlike other investments. You put in money, wait some period of time, and hope that your money grows. With a HYIP the circumstances are a bit different. You run the risk of losing your entire investment if the "company" decides to cease operations and run off with everyone's money. (Bitconnect!!!!) Every HYIP ends in this scenario so in order to be profitable you must take an educated guess as to when the HYIP is nearing the "cut and run" moment. Because there is no exact way to determine this date of doom, successful HYIP investors rely on three pieces of information to determine a safe exit point. The age of the program, the rates of return offered, and the quality of the program's website all are helpful pieces of information that can aid in timing the collapse.

How Can You Make Money With Profitable Morrows?

Here's the rub. Playing with HYIPs is playing with fire. There certainly are ways to profit from HYIPs if you know what you are doing though. To even consider trying to profit from a HYIP like Profitable Morrows you must understand that you can never ever under any circumstances EVER deposit more money than you are comfortable losing. This is an unbreakable rule in the world of HYIPs. What are you comfortable losing? $10? $20? maybe $500 or $1000? Whatever amount you don't mind being gone forever is the maximum amount you should begin with. Ok, now that we have covered the most important rule lets look at strategy. It's actually really simple honestly. Lets say you invested $100 because the bills are paid and you spend that amount on the weekends anyway. Your very first priority should be to make back your initial investment as quickly as possible. This way if all goes south you're out nothing but your time. We'll talk about this more after we go through the investment plans.

The first plan offers 112% return on investment after 12 days. This means if you deposited $100 at noon on the 1st, you withdraw $112 at noon on the 13th. Pretty straight forward. That's a cozy profit of $12. Not bad. Reinvest that $112 and after 12 days it becomes $125.44. Repeat 5 times and you more than doubled your money.

The second plan offers 153% return after 34 business days (roughly 45 calendar days) but this plan also incrementally pays out the return every business day at a rate of 4.5%. Keep in mind 153% divided by 34 days equals 4.5% per day. This creates a longer investment cycle but it allows you to withdraw interest every day. Day 23 is the break even point and the other 11 days are pure profit. An interesting option with this plan is to withdraw the daily interest payouts and reinvest them again. Doing this daily will grow your principle which means the daily interest payments increase also. This process is called compounding and it makes your money grow at an exponential rate.

For example if you invested .2 BTC January 1st and continually reinvested the daily payouts for 34 days your initial investment would now be worth a whopping 1.92 BTC! That's a profit of 1.72 BTC, but remember it will take 2 full investment periods to withdraw that amount of money. Because the final reinvested amount is deposited on day 34, the last day you would receive an interest payment is day 68. But wait! That's business days remember? 45 calendar days after the initial investment you begin withdrawing the 4.5% payouts. After 90 calendar days you will have withdrawn the last payout for a total 1.92 BTC. Not a bad return on investment if you believe Profitable Morrows will last another 3 months. (Which I do)

Now this compounding strategy doesn't account for quickly recouping your initial investment. If you only begin the compounding process after you have broken even (I absolutely recommend doing this) your total profit will be less but still substantially more compared to not compounding at all.

How Can you safely turn a profit with a HYIP like Profitable Morrows?

  1. Deposit only what you can afford to lose. (USD, BTC, LTC, etc...)
  2. Recoup your initial investment as fast as possible.
  3. Reinvest only your profits and make periodic withdrawals also.

It really is that simple.

Successful HYIP investors ask these three questions: How long has the program been operational? Are the rates of return mathematically stable? Is the website a low budget sub domain? HYIPs typically last anywhere from a couple weeks to a couple years. On average however, very few last longer than a year. Profitable Morrows has been paying out investors since October 2017 which means the program is only five months old. Five months is fairly young for a HYIP of this caliber. Profitable Morrows' rates of return are on the lower end of the scale also, around 1-1.18% daily. This means the platform is mathematically stable in comparison to other HYIPs with higher rates of return. The Profitable Morrows website is not a cheap sub domain and is laid out very professionally. This typically indicates that the people running the program intend for it to last a while. For these reasons the probability of Profitable Morrows lasting a year is comparatively very high in my opinion. It is up to you to determine how long you feel comfortable depositing your greenbacks into this program. However if you quickly recoup your original investment, you can reinvest every other payout and continually profit until the program ceases to exist. This strategy is excellent because it ensures you will profit long term without exposing yourself to unnecessary risk.

Should You Invest in Profitable Morrows?

No.

Not if you can't follow the above guidelines and expose yourself to the smallest amount of risk possible. If you can handle following the rules and avoid becoming over confident with your earnings, HYIPs can be very profitable.

Check out the website here: https://profitablemorrows.com/?ref=314159265

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To the question in your title, my Magic 8-Ball says:

Do not count on it

Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.

For future viewers: price of bitcoin at the moment of posting is 9257.10USD

Thank you, relevant information I should have included!

Hi, great post, worth a follow.

Thank you, hope it made sense!

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